HempNewsBreaks

FridayMay 31, 2019 9:48 am

HempNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Reports Unaudited Q1 2019 Results; CEO to Participate in Upcoming Forum

Plus Products (CSE: PLUS) (OTCQB: PLPRF) on Thursday released its unaudited financials for the quarter ended March 31, 2019. Among the updates, the company reported revenues of $3.2 million in Q1 2019, which reflects a 274% year-over-year growth over Q1 2018 revenues of $0.9 million. “Our Q1 results represent continued strong revenue performance and gains in market share,” PLUS Products Co-Founder and CEO Jake Heimark said in the news release. “As we progress further into 2019, we hope for an increase in the enforcement and regulatory clarity in the illegal cannabis market. Our involvement and leadership in the National Cannabis…

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FridayMay 31, 2019 9:30 am

HempNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Applauds New CBD Legislation in South Africa, Explores New Prospects

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Thursday commented on South Africa's Department of Health removing Cannabidiol (“CBD”) from the country’s Schedule 7 list of highly controlled drugs. This move allows the legal sale of CBD products made in accordance with the government's specified preparations. Medigrow Lesotho, the company’s international medical cannabis oil partner, is licensed by the Lesotho Ministry of Health to cultivate and manufacture medical cannabis and cannabis oil products in the Kingdom of Lesotho, a jurisdiction located within Southern Africa. Through its preferential global distribution agreement with Medigrow, Supreme Cannabis will be exploring opportunities…

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ThursdayMay 30, 2019 3:16 pm

HempNewsBreaks – VPR Brands LP (VPRB) Driving Growth with High-quality Products

Innovative technology holding company VPR Brands LP (OTC: VPRB) has deployed a growth strategy that emphasizes high-performance, high-quality products that result in expanded brand quality, awareness and loyalty. A recent article discussing the company reads, “Figures from VPR Brands’ report point to strong financial performance. Operating expenses for full-year 2018 went down from $2,100,901 to $1,905,881, as compared to full-year 2017. Despite this decrease, the company was able to increase revenues by 28 percent for the same period, from $3,610,379 to $4,613,300. . . . VPR Brands’ growth strategy focuses on high-performance, high-quality products that build expanded brand quality, awareness…

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ThursdayMay 30, 2019 11:38 am

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces June 3 Distribution of SpinCo Unit Warrants to Electing Shareholders

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced, further to its February 6, 2019 news release, that it will effect on June 3, 2019 the distribution of unit purchase warrants ("SpinCo Unit Warrants") of TGODF Acquisition Corp. ("SpinCo") to electing shareholders. According to the update, the warrants will be distributed to all registered TGODF shareholders (i.e. TGODF shareholders who hold their shares in their own name) of record as of January 31, 2019 who elected to receive the SpinCo Unit Warrants under its previously announced plan of arrangement with SpinCo. Beneficial shareholders,…

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ThursdayMay 30, 2019 11:27 am

HempNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Strategic Direction of NUGS Farm North

Cannabis Strategic Ventures (OTCQB: NUGS) today announced the strategic direction of NUGS Farm North, its wholly owned and operated flagship farm located in Northern California. Per the update, the six-acre, fully operational cultivation operation is expected to reach complete capacity by the fall of 2019, positioning Cannabis Strategic Ventures as one of the largest volume cultivators in the state of California. “We believe the operationalization of NUGS Farm North will enable us to become one of the largest legal cultivators and distributors of multiple types of cannabis products in California and the United States. Located in an area of rich…

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ThursdayMay 30, 2019 10:56 am

HempNewsBreaks – Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) CBD Products Launch at Joel Warren’s ‘The Salon Project’ at Saks Fifth Avenue

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) today announced a new collaboration with luxury, beauty and wellness icon Joel Warren and his in-house salon at Saks Fifth Avenue’s newly renovated flagship location in New York City. According to the update, Wildflower’s cannabidiol (“CBD”) infused products were selected by The Salon Project for its new health and wellness-focused initiative, which launched in Midtown Manhattan this month. “Joel Warren and The Salon Project shares our commitment to build genuine relationships with like-minded brands across different industries,” Wildflower Brands CEO William MacLean said in the news release. “By working with industry leaders and innovators…

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ThursdayMay 30, 2019 10:46 am

HempNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Releases Q3 Fiscal 2019 Financial Results

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Wednesday released its financial results for the third quarter ended March 31, 2019. Per the update, the company’s quarterly revenue at its Nevada cannabis operations grew to $5.1 million, and its total revenue, including both MSO and CBD operations, was $5.6 million. "This quarter we executed our strategy with speed and agility. We made great progress towards establishing our leadership in the industry, by setting new standards for consumer experiences and product," Green Growth Brands CEO Peter Horvath said in the news release. "We launched Seventh Sense, began our…

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ThursdayMay 30, 2019 9:45 am

HempNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Releases Q1 2019 Financial Results

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Wednesday announced its Q1 2019 financial and operating results. Among the updates, the company outlined its strategy for continued capacity expansion and production capabilities, having doubled its annual production capacity at both its Hope, B.C. and Napanee, Ontario facilities in Q1 2019. “The first half of 2019 has been focused on increasing VIVO's production capacity. With the recent doubling of capacity at both our Canna Farms and Vanluven facilities, we have been very successful in that regard,” VIVO President and CEO Barry Fishman said in the news release. “Our goal has always been…

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ThursdayMay 30, 2019 9:35 am

HempNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: ZRRRF) Inks LOI to Acquire Astleys of London HK Limited

National cannabis holding company IONIC Brands (CSE: IONC) (OTC: ZRRRF), formerly Zara Resources Inc., on Wednesday announced that it has entered into a Letter of Intent (“LOI”) to acquire British heritage brand Astleys of London HK Limited. Founded in 1862, Astleys was a luxury tobacco pipe purveyor in London that has recently been relaunched as a contemporary cannabis vape brand. Through a strategic collaboration, IONIC’s high-quality cannabis oil will be used in Astleys’ three vaporizer devices. IONIC will purchase Astleys’ portfolio of international intellectual properties and retain the brand’s principal management team as part of the acquisition. Subject to definitive…

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WednesdayMay 29, 2019 3:17 pm

HempNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters US Beverage Market through New Partnership

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) is on its way to becoming the top global provider of organic cannabis. The company advanced this objective recently with a cornerstone investment in Califormulations. An article discussing the company reads, “TGOD has also announced its entry into the U.S. beverage market (http://cnw.fm/YoWa4). ‘The company has established a joint partnership, Califormulations LLC, with Symrise AG, a global supplier of a global supplier of fragrances, flavorings, raw materials, as well as functional & cosmetic active ingredients.’ The new subsidiary, which will be based in Columbus, Georgia, will provide…

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